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Egyptian and US officials announced on Monday the completion of the Effective Planning and Services project, which is meant to improve the efficiency and responsiveness of Egypt’s public services. The project, implemented by USAID, supported “Egyptian-led efforts to make public services more accessible, transparent, and accountable through the process of decentralization, as mandated by Egypt’s […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Jordanian military delegation shown military production
Military Production Mohamed Al Assar discussed cooperation with the Chairman of Jordan’s military Joint Chiefs of Staff, Mahmoud Freihat, in Cairo on Monday, Al Shorouk reports. Discussions centered on potential partnerships in military industry and tech production.
Posted inDiplomacy + Foreign Trade
Rafah border crossing to open for Hajj
Egyptian authorities opened the Rafah Border crossing yesterday to allow Palestinian hajj pilgrims through until 17 August, Al Masry Al Youm reports. Citizens will only be allowed to cross through the one way.
Posted inEnergy
Electricity Holding Company signs agreements with five firms to purchase 250k smart meters
The Electricity Holding Company signed agreements with five companies who will be providing it with 250k smart meters, a company official tells Al Borsa. The companies are China’s ZTE, Huawei, El Sewedy Electrometer Group, Sigmacom, and Iskra. The Electricity Ministry plans to install 20 mn smart meters over the next decade.
Posted inEnergy
Production at BP’s Atoll gas field targeted for end of 2017
BP will launch production at the USD 3.8 bn Atoll field by the end of this year, the Oil Ministry said in a statement. 70% of the field has been developed so far with three wells having been completed, said Hassan Abbady, chairman of the BP JV Pharaonic Oil Company.
Posted inEnergy
EGAS exports 200 mcf/d through Shell’s Idku plant
EGAS exports a daily 200 mcf of gas through Royal Dutch Shell’s Idku liquefaction plant, sources told Al Borsa on Monday. The plant should be increasing its export capacity in the winter to pump around 300 mcf/d.
Posted inInfrastructure
Dubai Ports-Suez Canal Authority JV to be split 49%-51%
Dubai Ports will own 49% of its joint venture with the Suez Canal Authority, with the state holding the majority at 51%, according to Al Ahram. The 92 sq km project was presented and discussed by head of the Suez Canal Authority Mohab Mamish to Minister of Investment Sahar Nasr. The two also discussed a […]
Posted inInfrastructure
State Grid set to complete work next month
Chinese firm State Grid is set to complete the construction of 800 km of electric lines next month,Daily News Egypt reports. The construction is part of efforts to expand as well as fortify the country’s power grid to transfer electricity more efficiently and avoid outages. Some of the lines are taking longer to complete than […]
Posted inReal Estate + Housing
Trading halted on Reacap pending Wadi Degla shareholder approval of merger
The bourse halted trading on Reacap Financial Investments’ shares yesterday pending shareholder’s approval of the company’s merger with Wadi Degla Co., a market release said. News of the merger was out earlier this month and it should be completed by year-end if approvals go through.
Posted inTourism
EgyptAir to increases flights
EgyptAir is increasing flights to several destinations with the addition of new planes to its fleet,according to Al Borsa. Additional daily flights to Amsterdam, New York, Manama, Casablanca, and Madrid should start by 29 October. New aircrafts have allowed maintenance and operating costs to drop, the newspaper notes.